DEVELOPMENT OPPORTUNITY ON I-35E IN CORINTH, FOR SALE | HIGH TRAFFIC LOCATION

Rayor Ranch Development 77 Medical City Denton James Wood 35E Chevrolet-Cadillac

Honda of Denton Toyota of Denton Eckert Hyundai

Classic of Denton Classic Mada of Denton Classic of Denton Pre-Owned

POST OAK ROAD LAKEVIEW BLVD

Bill Utter Ford

Huffines Subaru 35E Kia Corinth OLD US HIGHWAY 77

11,000 VPD

10.603 ACRES

McClain’s RV Superstores

N Mac Haik Nissan

JORDAN CORTEZ JUSTIN TIDWELL MASON JOHN Managing Principal Director Associate 10.603 ACRES 682-499-3877 682-499-3878 682-499-3881 [email protected] [email protected] [email protected] 5400 South Interstate 35E Corinth, Texas 76210 10.603 ACRES ON I-35E

INVESTMENT SUMMARY PROPERTY TAX INFORMATION

Property 10.603 Acres (461,867 Square Feet) approximately Taxing Authority 2016 Tax Rate Address 5400 South Interstate 35E, Corinth, TX 76210 City of Corinth 0.581930 Asking Price $5,095,000 Denton County 0.248400 Asking Price per Square Foot $11.03 Lake ISD 1.540000 Access South Interstate 35E Total 2.370330 Frontage Approximately 583 feet on South Interstate 35E Per the Denton County Appraisal District Utilities Available to the Site Zoning “C-1 Commercial” Property ID 154668

*All figures are approximate

10.603 Acres

DEVELOPMENT OPPORTUNITY | CORINTH, TEXAS | 2 10.603 ACRES ON I-35E

Lewisville Lake Toll Bridge

Lewisville Lake

Stephens Elementary School Myers Middle School Corinth Community Park

Corinth City Hall Hidden Valley Airpark Corinth Rehabilitation Suites

Metroplex Cabinets 35E Anchor Bay Storage

McClain’s RV Superstores CHURCH DRIVE

Mac Haik Nissan

11,000 VPD

10.603 ACRES

35E

Huffines Subaru Kia Corinth

DEVELOPMENT OPPORTUNITY | CORINTH, TEXAS | 3 10.603 ACRES ON I-35E

INVESTMENT HIGHLIGHTS

Excellent Location: The approximately 10.603 acre site (“Site”) is strategically located Highway Expansion: The I-35E expansion project covers over 30 miles, from Farmers with frontage along South Interstate 35E at 5400 South Interstate 35E in the City of Branch to Denton. Construction of Phase 1 began October 2013 and will end mid- Corinth, Denton County, Texas 76210. The Seller recently demolished the former 2017. The recent expansion of Interstate 35E and realignment of its access ramps will structures to better prepare the Site for new development. The Site has approximately create redevelopment opportunities along the Interstate. The section of the expansion 583 feet of frontage along I-35E and is adjacent to exit 460 allowing for convenient proximate to the Site will add four lanes of access creating an excellent opportunity for access from the interstate. Corinth is competitively positioned to drive future demand a variety of commercial uses. for quality development and to capture quality business along Interstate Highway 35E. More information can be found at www.35express.org The Site is located between two established new car dealerships creating strong drive-by along the access road. Growing Dallas/Fort Worth Economy: The Dallas/Fort Worth metro continues to be one of the strongest in the nation, experiencing exponential growth both in terms of Zoning: The Site is currently zoned as “C-1 Commercial” which provides for the population and jobs. Current population for the DFW Metroplex totals 7.1 million development of most commercial uses such as retail, office, medical, hotel, restaurants, people which ranks fourth in the nation among metro areas and is projected to grow to as well as other uses. A full list of permitted uses can be found in the City of Corinth a population of 7.7 million by 2021. The current unemployment rate is 3.7 percent, 110 Unified Development Code Use Chart 2.07.03, as well as in our data vault. basis points below the national average of 4.8 percent. DFW hosts the fourth largest Population, Demographics, and Traffic Counts: Traffic counts along I-35E total over economy in the nation with a total Gross Metro Product of $545.3 billion representing a 118,000 vehicles per day. Median household income totals $83,592 while the median 7.6 percent increase over the previous year. Twenty-one of the Fortune 500 companies home values top $192,000 within a 3-mile radius. From 2000 to 2016 Corinth’s are headquartered in DFW. Recent rankings and awards received by DFW include the population grew 81% and is projected to grow an additional 7.5% by 2021 to reach a following: America’s #1 Most Business Friendly City, Top 3 Metro in Job Growth, and #1 population of 22,527. From 2000 to 2016 Denton County, which includes Corinth, has Top Emerging Real Estate Market in 2016. grown 79.8% to a current population of 777,428.

Dallas Fort Worth

DEVELOPMENT OPPORTUNITY | CORINTH, TEXAS | 4 10.603 ACRES ON I-35E

DFW HIGHLIGHTS

• The DFW area has a well-diversified economy that ranks fourth in the nation with a gross metro product of $545.3 billion, representing a 7.6 increase over the previous year.

• The DFW unemployment rate is an outstanding 3.7 percent which compares favorably to the national rate of 4.5 percent.

• The DFW metro has an estimated population of 7.1 million people which ranks fourth in the nation among metro areas and is projected to grow to a population of 7.7 million by 2021 according to STDB.com.

• Twenty-one of the Fortune 500 companies are headquartered in DFW.

• The metro area has experienced a substantial amount of announced corporate relocations and expansions in the past several years from firms such as: State Farm Insurance, Toyota Motor Co., Omnitracs, Santander Consumer USA, Tenet Healthcare Corporation, Kohl’s, AT&T, Blue Cross and Blue Shield of Texas, USAA, Google, Amazon, and Jamba Juice. Denton Square • DFW Airport is the third largest in the world in terms of operations and tenth largest in terms of passengers. The total estimated economic output of DFW airport is $31.6 billion and is currently undergoing a terminal renewal and improvement program at cost of $2.34 billion.

• Recent rankings and awards received by DFW include the following: America’s #1 Most Business Friendly City, Top 3 Metro in Job Growth, and #1 Top Emerging Real Estate Market in 2016.

The Site is located in Corinth, Texas, which is in turn part of the Dallas-Fort Worth- Arlington Metropolitan Statistical Area (“DFW”). DFW encompasses 12 counties within the state of Texas, with the Site being in Denton County. DFW has a population of 7.1 million, making it the fourth largest population center in the U.S. Denton County has a population of 777,428 as of 2016, up 79.8% since 2000, making it one of the fastest growing counties in the state of Texas.

DEVELOPMENT OPPORTUNITY | CORINTH, TEXAS | 5 10.603 ACRES ON I-35E

ECONOMIC OVERVIEW DALLAS/FORT WORTH MAJOR EMPLOYERS

DFW has the fourth largest economy in the nation among MSAs with a total Gross Metro Product of $545.3 billion in 2016, COMPANY NAME EMPLOYEES representing a 7.6 increase over the previous year. DFW has one of the highest concentrations of corporate headquarters Wal-Mart Stores Inc. 52,700 in the including 21 Fortune 500 companies. DFW also contains a large Information Technology industry base American Airlines Group Inc. 23,700

(often referred to as the Silicon Prairie or the ), owing to the large number of corporate IT projects and the Baylor Health Care System 22,000 presence of numerous electronics, computing, and telecommunication firms such as , HP Enterprise Services, Dallas Independent School District 20,793 Dell Services, , AT&T, Alcatel-Lucent, , and Verizon in and around Dallas. In addition, several major defense Texas Health Resources 16,205 manufacturers, including Lockheed Martin, Bell Helicopter, Textron, and Raytheon, maintain significant operations in DFW. Bank of America 15,400

The Dallas-Fort Worth-Arlington MSA supports approximately 3.5 million jobs, making it one of the largest economic centers in City of Dallas 13,000 the nation. This MSA experienced a 3.3 percent increase in employment from the same time last year, representing approximately JPMorgan Chase Bank N.A 13,000 113,500 new jobs. DFW emerged relatively unscathed from the recent recession and gathered momentum quickly after the Texas Instruments Inc. 13,000 downturn, allowing the MSA to quickly pass its pre-recession employment peak. This combined with the DFW’s impressive Lockheed Martin Aeronautics Co. 12,600 growth prior to recession, enabled the metro to experience a net employment gain of 1.7 percent annually over the last decade. UT Southwestern Medical Center 11,645

CHANGE FROM HCA Division 11,612 DALLAS-FORT WORTH AREA DEC DEC 2015 TO DEC 2016 EMPLOYMENT 2016 Fort Worth Independent School District 10,000 (numbers in thousands) NUMBER PERCENT Target 8,671 Total Non-Farm 3,597.1 113.5 3.3 Southwest Airlines Co. 8,345 Mining, Logging, Construction 205.0 4.2 2.1 Source: Dallas Business Journal 2015 Manufacturing 260.9 0.5 0.2

Trade, Transportation, Utilities 789.5 30.6 4.0

Information 82.3 1.7 2.1

Financial Activities 295.5 12.5 4.4

Professional and Business Services 598.4 22.8 4.0

Education and Health Services 439.6 16.1 3.8

Leisure and Hospitality 373.4 12.0 3.3

Other Services 120.2 1.9 1.6

Government 432.3 11.2 2.7 Source: U.S. BLS, Current Employment Statistics

DEVELOPMENT OPPORTUNITY | CORINTH, TEXAS | 6 10.603 ACRES ON I-35E

TRANSPORTATION

Air DFW International Airport, located approximately 20 miles from the Site, is the third largest in the world in terms of operations and tenth largest in terms of passengers. DFW Airport offers more than 1,500 daily flights to over 200 destinations around the world, and has a total estimated economic output of $31.6 billion. American Airlines corporate headquarters is in Fort Worth while its main operational hub is at DFW International Airport.

Highways The Property is situated in Corinth, Texas, northeast of the City of Fort Worth and northwest of the City of Dallas. The Site has excellent highway access with the I-35E corridor running north and south through the city connecting Denton with the City of Dallas. Ten miles northwest of the Site is the I-35 interchange providing access to Fort Worth via I-35W. Travel time from the Site to Downtown Fort Worth or is approximately 30 to 40 minutes.

Public Transit DFW Airport The Denton County Transportation Authority (DCTA) commuter rail system passes through Corinth and can be accessed at two convenient locations for commuter rail transportation to Denton and Dallas. The DCTA also connects to Dallas Area Rapid Transit (DART) which provides public transportation throughout the Greater Dallas Area via light rail and buses.

DEVELOPMENT OPPORTUNITY | CORINTH, TEXAS | 7 10.603 ACRES ON I-35E

DEMOGRAPHIC OVERVIEW

DESCRIPTION 1-MILE RADIUS 3-MILE RADIUS 5-MILE RADIUS DESCRIPTION 1-MILE RADIUS 3-MILE RADIUS 5-MILE RADIUS

Population 6,796 56,147 115,109 HOUSEHOLDS Households 2,522 19,170 40,472 2000 Households 1,402 8,587 23,131 Families 1,948 14,024 27,977 2010 Households 2,407 17,404 36,588 Average Household Size 2.69 2.90 2.80 2016 Households 2,522 19,170 40,472 Owner Occupied Housing Units 1,978 13,930 25,961 2021 Households 2,819 21,209 44,656 Renter Occupied Housing Units 544 5,240 14,511 Median Age 36.8 34.3 33.2 2000-2010 Annual Rate 5.55% 7.32% 4.69% POPULATION 2010-2016 Annual Rate 0.75% 1.56% 1.63% 2000 Population Census 3,972 25,078 64,191 2016-2021 Annual Rate 2.25% 2.04% 1.99% 2010 Population Census 6,521 50,654 103,296 2016 Average Household Size 2.69 2.90 2.8 2016 Population Estimate 6,796 56,147 115,109 HOUSEHOLDS BY INCOME 2021 Population Projection 7,603 62,215 127,350 <$15,000 4.6% 5.0% 8.6% 2000-2010 Annual Rate 5.08% 7.28% 4.87% $15,000 - $24,999 3.0% 4.6% 6.9% 2010-2016 Annual Rate 0.66% 1.66% 1.75% 2016-2021 Annual Rate 2.27% 2.07% 2.04% $25,000 - $34,999 5.9% 7.6% 8.4% 2016 Male Population 49.4% 49.2% 49.6% $35,000 - $49,999 9.2% 9.8% 10.7% 2016 Female Population 50.6% 50.8% 50.4% $50,000 - $74,999 17.1% 16.5% 15.3% 2016 Median Age 36.8 34.3 33.2 $75,000 - $99,999 16.5% 15.5% 13.6% POPULATION BY AGE $100,000 - $149,999 26.6% 25.8% 20.6% 0 - 4 6.9% 7.4% 7.0% $150,000 - $199,999 10.9% 7.8% 7.6% 5 - 9 8.0% 7.8% 7.4% 10 - 14 7.7% 8.0% 7.5% $200,000+ 6.1% 7.4% 8.3% 15 - 19 6.1% 6.7% 6.7% MEDIAN HOUSEHOLD INCOME 20 - 24 4.0% 6.3% 9.0% 2016 Median Household Income $88,543 $83,592 $75,086 25 - 34 14.2% 14.9% 15.0% 2021 Median Household Income $99,668 $91,591 $82,453 35 - 44 15.6% 15.6% 14.3% 2016-2021 Annual Rate 2.40% 1.84% 1.89% 45 - 54 13.6% 14.1% 13.3% AVERAGE HOUSEHOLD INCOME 55 - 64 12.1% 10.1% 10.5% 2016 Average Household Income $101,563 $99,137 $95,236 65 - 74 7.8% 6.0% 6.2% 75 - 84 3.0% 2.3% 2.3% 2021 Average Household Income $110,090 $106,939 $102,185 85+ 0.8% 0.8% 0.7% 2016-2021 Annual Rate 1.63% 1.53% 1.42%

DEVELOPMENT OPPORTUNITY | CORINTH, TEXAS | 8 10.603 ACRES ON I-35E

DEMOGRAPHIC OVERVIEW

DESCRIPTION 1-MILE RADIUS 3-MILE RADIUS 5-MILE RADIUS DESCRIPTION 1-MILE RADIUS 3-MILE RADIUS 5-MILE RADIUS

MEDIAN HOME VALUE 2016 EMPLOYED POPULATION 16+ BY INDUSTRY

2016 $207,784 $192,173 $199,949 Total 3,403 27,714 56,945 2021 $220,397 $210,924 $221,495 Agriculture/Mining 1.3% 0.8% 1.0% 2016 OWNER OCCUPIED HOUSING UNITS BY VALUE Construction 5.8% 4.7% 5.8% Total 1,978 13,928 25,957 <$50,000 2.0% 4.5% 5.6% Manufacturing 9.1% 9.4% 8.8% $50,000 - $99,999 1.4% 1.6% 3.9% Wholesale Trade 2.6% 3.6% 3.2% $100,000 - $149,999 12.3% 13.7% 14.2% Retail Trade 8.7% 10.8% 11.6% $150,000 - $199,999 29.2% 35.8% 26.4% Transportation/Utilities 5.7% 5.2% 4.7% $200,000 - $249,999 33.0% 20.4% 16.2% Information 2.2% 2.3% 2.2% $250,000 - $299,999 9.9% 8.5% 8.9% Finance/Insurance/Real Estate 11.7% 9.3% 8.1% $300,000 - $399,999 6.0% 8.9% 13.9% Services 51.3% 50.8% 51.7% $400,000 - $499,999 3.3% 3.3% 3.8% $500,000 - $749,999 2.2% 2.4% 4.9% Public Administration 1.6% 3.0% 2.8% $750,000 - $999,999 0.5% 0.4% 1.3% 2016 EMPLOYED POPULATION 16+ BY OCCUPATION $1,000,000 + 0.4% 0.6% 1.1% Total 3,401 27,715 56,945 Average Home Value $227,238 $223,058 $249,822 White Collar 74.8% 71.7% 67.7% Management/Business/Financial 17.8% 18.8% 18.4% Professional 29.8% 28.5% 25.0% Sales 11.9% 11.8% 12.1% Administrative Support 15.3% 12.7% 12.2% Services 8.9% 13.1% 16.3% Blue Collar 16.3% 15.1% 16.0% Farming/Forestry/Fishing 0.0% 0.1% 0.0% Construction/Extraction 2.8% 2.8% 3.8% Installation/Maintenance/Repair 4.3% 3.4% 2.9% Production 3.3% 4.5% 4.6% Transportation/Material Moving 5.8% 4.4% 4.6%

DEVELOPMENT OPPORTUNITY | CORINTH, TEXAS | 9 INFORMATION ABOUT BROKERAGE SERVICES Texas law requires all real estate license holders to give the following information about brokerage services to prospective buyers, tenants, sellers and landlords.

TYPES OF REAL ESTATE LICENSE HOLDERS: • A BROKER is responsible for all brokerage activities, including acts performed by sales agents sponsored by the broker. • A SALES AGENT must be sponsored by a broker and works with clients on behalf of the broker.

A BROKER’S MINIMUM DUTIES REQUIRED BY LAW (a client is the person or party that the broker represents): • Put the interests of the client above all others, including the broker’s own interests; • Inform the client of any material information about the property or transaction received by the broker; • Answer the client’s questions and present any offer to or counter-offer from the client; and • Treat all parties to a real estate transaction honestly and fairly.

A LICENSE HOLDER CAN REPRESENT A PARTY IN A REAL ESTATE TRANSACTION: AS AGENT FOR OWNER (SELLER/LANDLORD): The broker becomes the property owner’s agent through an agreement with the owner, usually in a written listing to sell or property management agreement. An owner’s agent must perform the broker’s minimum duties above and must inform the owner of any material information about the property or transaction known by the agent, including information disclosed to the agent or subagent by the buyer or buyer’s agent.

AS AGENT FOR BUYER/TENANT: The broker becomes the buyer/tenant’s agent by agreeing to represent the buyer, usually through a written representation agreement. A buyer’s agent must perform the broker’s minimum duties above and must inform the buyer of any material information about the property or transaction known by the agent, including information disclosed to the agent by the seller or seller’s agent.

AS AGENT FOR BOTH – INTERMEDIARY: To act as an intermediary between the parties the broker must first obtain the written agreement of each party to the transaction. The written agreement must state who will pay the broker and, in conspicuous bold or underlined print, set forth the broker’s obligations as an intermediary. A broker who acts as an intermediary: • Must treat all parties to the transaction impartially and fairly; • May, with the parties’ written consent, appoint a different license holder associated with the broker to each party (owner and buyer) to communicate with, provide opinions and advice to, and carry out the instructions of each party to the transaction. • Must not, unless specifically authorized in writing to do so by the party, disclose: • that the owner will accept a price less than the written asking price; • that the buyer/tenant will pay a price greater than the price submitted in a written offer; and • any confidential information or any other information that a party specifically instructs the broker in writing not to disclose, unless required to do so by law.

AS SUBAGENT: A license holder acts as a subagent when aiding a buyer in a transaction without an agreement to represent the buyer. A subagent can assist the buyer but does not represent the buyer and must place the interests of the owner first.

TO AVOID DISPUTES, ALL AGREEMENTS BETWEEN YOU AND A BROKER SHOULD BE IN WRITING AND CLEARLY ESTABLISH: • The broker’s duties and responsibilities to you, and your obligations under the representation agreement. • Who will pay the broker for services provided to you, when payment will be made and how the payment will be calculated.

LICENSE HOLDER CONTACT INFORMATION: This notice is being provided for information purposes. It does not create an obligation for you to use the broker’s services. Please acknowledge receipt of this notice below and retain a copy for your records.

Licensed Broker/Broker Firm Name or Primary Assumed Business Name: Vanguard Real Estate Advisors | License No. 9003054 | [email protected] | 682-499-3877 Designated Broker of Firm: Jordan Cortez | License No. 494942 | [email protected] | 682-499-3877 Licensed Supervisor of Sales Agent/Associate: Justin Tidwell | License No. 647170 | [email protected] | 682-499-3878 Sales Agent/Associate: Mason John | License No. 682887 | [email protected] | 682-499-3881

JORDAN CORTEZ JUSTIN TIDWELL MASON JOHN 10.603 ACRES Managing Principal Director Associate 682-499-3877 682-499-3878 682-499-3881 5400 South Interstate 35E [email protected] [email protected] [email protected] Corinth, Texas 76210